In 2022, Tim, a single taxpayer, has ordinary income of $30,000. In addition, he has $2,000 in

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In 2022, Tim, a single taxpayer, has ordinary income of $30,000. In addition, he has $2,000 in short-term capital gains, long-term capital losses of $10,000, and long-term capital gains of $4,000. What is Tim’s AGI for 2022?

a. $26,000

b. $27,000

c. $30,000

d. $32,000

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Income Tax Fundamentals 2023

ISBN: 9780357719527

41st Edition

Authors: Gerald E. Whittenburg, Steven Gill

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Question Posted: Feb 28, 2023 05:27 AM

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